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- October 1998

SONICblue to Auction ReplayTV and Rio Business Units

Tuesday, April 1st, 2003

Reprinted from a SONICblue press release:

SONICblue Incorporated announced today that negotiations with D&M Holdings, Inc. failed to produce a final asset purchase agreement prior to the United States Bankruptcy Court appointed deadline. SONICblue previously announced that it had entered into a non-binding letter of intent with D&M Holdings for the purchase of its ReplayTV and Rio business units.

“While we worked very hard with the D&M team over the last few weeks, we were just not able to finalize all of the needed terms before the court set deadline,” said Greg Ballard, CEO, SONICblue. “Our relationship with D&M is still strong and we anticipate that they will participate in the court run auction process in April.”

As part of the Company’s bankruptcy proceedings, SONICblue plans to sell its three business units. An auction for its GoVideo business line will be held on April 4, 2003. Separate auctions for its ReplayTV and Rio business units will be held on April 15, 2003.